Barrick Gold (GOLD) announced that on July 12, 2023 it received 2,788,696 common shares of Cascadia Minerals as partial consideration for the acquisition by Hecla Mining Company (HL) of all of the common shares of ATAC Resources pursuant to the previously announced plan of arrangement among Hecla, Alexco Resource Corp. and ATAC. The Cascadia common shares owned by Barrick represent approximately 10.1% of Cascadia’s issued and outstanding common shares. Prior to completion of the ATAC Arrangement and the spin-out of Cascadia pursuant to that transaction, Barrick owned 27,886,960 common shares of ATAC, but did not own any securities of Cascadia. Barrick is holding the common shares of Cascadia for investment purposes.
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